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Interpretive Exercise
Max is a nine year-old third grader who was born with a sensorineural hearing loss.He can hear loud noises if they are within a foot of his ear,and he can hear some sounds in the environment though he usually cannot identify them.Max's parents (who are both hearing)are advocates of the auditory-verbal approach (they wanted him to use speech as much as possible and did not think they could learn to sign effectively).Max's school,where he is integrated into a regular classroom,has reported his IQ scores on a standardized verbal test to be well below the norm.Furthermore,his achievement in reading is far below that of his classmates.Socially,he has a few students who interact with him occasionally,but no meaningful friendships (his speech is almost unintelligible to them).Max's parents are getting fed up with the school,and feel that something must be done to improve Max's situation before it is too late.
-On a performance test,Max would probably score as well as his hearing peers.
Sensitivity Analysis
A process used for exploring how alterations in an independent variable impact a chosen dependent variable, given a set of initial assumptions.
Base Case Values
Refers to the initial set of assumptions, inputs, and data used in financial models to project future outcomes under a standard scenario.
Scenario Analysis
Scenario Analysis is an analytical method used to examine different possible future events or scenarios and their potential impacts on decision outcomes.
Positive Net Present Value
An indicator that an investment is expected to generate more cash than its initial cost, leading to a profitable outcome.
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